The Global Industry Classification Standard (GICS®) was developed by Morgan Stanley Capital International (MSCI) and Standard and Poor’s (S&P) in 1999 in response to the global financial community’s need for a reliable, complete and standard industry classification system. The GICS methodology is widely accepted as the industry analysis framework for investment research, portfolio management and asset allocation. Its universal approach to industries worldwide has contributed to increased transparency and efficiency in the investment process.
The GICS has become an industry model widely recognized by market participants worldwide, including adoption of GICS Direct by eight of the top ten buy-side firms and nine of the top ten sell-side firms. It sets a foundation for the creation of replicable, custom-tailored portfolios and enables meaningful comparisons of sectors and industries globally. The GICS structure has four levels of detail: 10 sectors, 24 industry groups, 64 industries, and 139 sub-industries.
MSCI has launched new Provisional Indexes in relation to management of the implementation of the inclusion of Saudi Arabian and Argentinian stocks in portfolios ahead of the 2019 Semi-Annual Index Review (SAIR).
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 118 indexes and 2890 companies. Index coverage includes MSCI Prov/ (AC, ACWI, EAFE, EM, Europe, JP, Kokusai, USA, World, etc). Some of the data items available include:
- Company Items – Adjusted Price, Adjustment Factor, Adjustment Value, Bloomberg Ticker, Classification Description, Closing Number of Shares, Dividend (Net/Gross), Dividend Points, Domestic Inclusion Factor, Exchange Rate, Free Float Factor, Gross Adjustment Factor, Gross Return, Industry Codes, Investable Factor, Investable Market Value, Investable Shares Outstanding, Investable Weight, ISIN Code Islamic Purified – Gross Dividend Adjustment, Islamic Purified – Net Dividend Adjustment, Issuer Code, Market Identifier Code, Market Value, Net Adjustment Factor, Net Return, Opening Market Value, Price Return, Security Adjusted Investable Market Value in US Dollars, Security Adjusted Market Capitalization in US Dollars, Share Class, Shares Outstanding, Sub-Industry Classification Code, Total Return, Unadjusted Price, Value of Quotation Lot Size, etc.
- Index Items – Adjusted Market Capitalization in Local Currency, Average Dividend Per Share Growth, Current Internal Growth Rate (V/G), Dividend Payout Ratio, Earnings per Share, Estimated Daily Yield, Forward Earnings per Share Growth Rate, Gross Index, Market Capitalization, Net Index, Number of Constituents, Number of Issuers, Opening Market Capitalization, Price Index, Price to Book Value per Share, Price to Cash Earnings, Price to Earnings per Share Ratio, Return on EquityShort Term (V/G), Trailing Earnings per Share, Yield, etc.